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Post #74968

Author
starkiller
Parent topic
My Generation Rocks!!
Link to post in topic
https://originaltrilogy.com/post/id/74968/action/topic#74968
Date created
1-Nov-2004, 2:21 PM
Quote

Originally posted by: Warbler
Quote

Originally posted by: starkiller
You think he's going to suggest legislation to cut his profits?? Not likely.


somehow I doubt Bush would do that either.
Why do you doubt Bush?
If we look at their acts, we may be able to see a greater picture.

Kerry:
As I stated, John and Teresa payed roughly 12.78% taxes on their income this past year.
$725,000 in taxes on roughly $6.8 million of combined income.
Now, Massachusetts has a provision in their tax code so that you can pay an additional .6% taxes if you so choose. You'd think that with as much as they make and how much Kerry wants the "richest 1%" to pay up, that they'd take advantage of it.
Nope. Kerry has never choosen to pay the additional taxes.

Let's bring up charity giving, that's a fairly good sign, right?
(Reported Income in parenthesis)

1991 ($113,857): $0
1992 ($127,646): $820
1993 ($130,345): $175
1994 ($127,884): $2,039
1995 ($126,179): $0
Post-Teresa Marriage:
1996 ($143,795): $14,325
1997 ($217,338): $21,795
2002 ($144,091): $18,600

Bush:
George and Laura payed roughly 28% taxes on their income.
They payed $227,490 in federal taxes while making $822,126.

Now, let's see Bush's charity:
1991 ($179,591): $28,236
1992 ($212.313): $31,914
1993 ($610,772): $31,292
1994 ($474,937): Unknown
1995 ($419,481): Unknown
1997 ($271,920): Unknown
1998 ($18,400,000): $334,425 (massive influx was the result of sale of 11% interest in Texas Rangers)

To sum up:
Kerry never really took the opportunity to pay out a lot of money, for taxes or charity, even after becoming set for life by playing "Who wants to marry a millionaire?"

Bush, on the other hand, has been quite charitable and, so far as I can tell, doesn't actively search out tax loopholes and tax shelters to protect his money.